Stripe has raised $150M more at a $9B valuation

Re:Stripe has raised $150M more at a $9B valuation by deadlycrayon on Friday November 25, 2016 @08:09PM (#13041110)

I'm assuming by "cross-border" that you mean across currencies. You really expect a company to do foreign exchange for free?

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Re:Stripe has raised $150M more at a $9B valuation by lukeqsee on Friday November 25, 2016 @11:42PM (#13041757)

Foreign exchange can easily be "done for free" by properly setting the exchange rate. All Stripe has to do is publish an exchange rate that is a 0.N% deviation from the current market rate and they'll cover their costs, have a profit, and provide a "free" service. This would likely be significantly cheaper than international wires.

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Re:Stripe has raised $150M more at a $9B valuation by Feld0 on Saturday November 26, 2016 @12:52AM (#13041947)

Nope - it is a fee for money that travels between PayPal users in different countries. It's about 1% for Canadian accounts, depending on the payment's source or destination [1].

[1] https://www.paypal.com/ca/webapps/mpp/merchant-fees

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